Company Valuation: Swisscom AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,657 26,243 26,212 26,134 29,812 32,894 - -
Change - -1.55% -0.12% -0.3% 14.07% 10.34% - -
Enterprise Value (EV) 1 34,363 33,617 33,283 41,731 45,445 47,491 48,023 47,498
Change - -2.17% -0.99% 25.38% 8.9% 4.5% 1.12% -1.09%
P/E 14.5x 16.4x 15.3x 16.9x 23.5x 23.7x 21.9x 20x
PBR 2.47x 2.35x 2.26x 2.15x 2.44x 2.67x 2.65x 2.61x
PEG - -1.3x 2.25x -1.71x -1.3x 2.62x 2.58x 2.12x
Capitalization / Revenue 2.38x 2.36x 2.37x 2.37x 1.98x 2.24x 2.25x 2.25x
EV / Revenue 3.07x 3.03x 3.01x 3.78x 3.02x 3.23x 3.28x 3.24x
EV / EBITDA 7.66x 7.63x 7.2x 9.58x 6.87x 7.1x 7.08x 6.86x
EV / EBIT 16.6x 16.5x 15.1x 21.4x 23.6x 22.8x 21.3x 19.7x
EV / FCF 19.5x 24.9x 22.5x 29x 31.7x 30.8x 30.2x 25.7x
FCF Yield 5.12% 4.01% 4.45% 3.44% 3.15% 3.25% 3.31% 3.89%
Dividend per Share 2 22 22 22 22 22 26.95 28.06 29.03
Rate of return 4.28% 4.34% 4.35% 4.36% 3.82% 4.24% 4.42% 4.57%
EPS 2 35.37 30.93 33.03 29.77 24.54 26.76 29.03 31.77
Distribution rate 62.2% 71.1% 66.6% 73.9% 89.6% 101% 96.6% 91.4%
Net sales 1 11,183 11,112 11,072 11,036 15,048 14,711 14,647 14,651
EBITDA 1 4,484 4,406 4,622 4,355 6,617 6,691 6,784 6,927
EBIT 1 2,066 2,040 2,205 1,951 1,925 2,087 2,250 2,406
Net income 1 1,832 1,602 1,711 1,541 1,271 1,449 1,540 1,713
Net Debt 1 7,706 7,374 7,071 15,597 15,633 14,597 15,129 14,604
Reference price 2 514.60 506.60 506.00 504.50 575.50 635.00 635.00 635.00
Nbr of stocks (in thousands) 51,802 51,802 51,802 51,802 51,802 51,802 - -
Announcement Date 2/3/22 2/8/23 2/7/24 2/13/25 2/12/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.58x1.36x4.26x6.83% 231B
10.87x2.57x6.79x5.72% 205B
14.08x2.24x5.76x3.87% 163B
12.16x0.92x3.51x6.46% 85.05B
12.7x1.8x7.7x3.33% 81.89B
11.75x1.8x4.56x2.76% 70.6B
15.32x2.68x8.37x5.06% 57.98B
23.78x5.37x19.65x4.51% 56.84B
15.95x2.8x6.28x4.35% 51.62B
Average 14.24x 2.39x 7.43x 4.76% 111.43B
Weighted average by Cap. 13.13x 2.16x 6.47x 5.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield